Elizabeth Warren calls for reevaluation of bank deposit insurance cap and Fed Chair's recusal from SVB review.

Senator Elizabeth Warren has called for a reexamination of the $250,000 cap on deposit insurance to better suit small businesses and nonprofit organizations. She believes that a similar level of protection would help these organizations have more confidence when depositing money into a bank. Warren and Rep. Katie Porter have introduced a bill to place banks with at least $50 billion in assets back under strict Federal Reserve oversight and make them subject to Dodd-Frank Act stress tests. This would repeal a Trump-era banking regulation rollback that raised the threshold to $250 billion, exempting dozens of banks from the strongest federal oversight.